IFFCO Tokio Individual Medishield Health Insurance Wordings

Yes, the health insurance policy provides an optional cover for availing the coverage related to the treatment of critical illness. The feature can be adopted by paying 30% extra amount on the basic premium of the plan. 

Yes, three types of discounts are offered under the Individual Medishield Policy, which is as follows:

1.Family Discount
a)For 2 family members - 5% discount on total premium is offered. This includes the Main cover plus higher sum insured for the critical illness. 
b)For 3 or more family members -  10% discount on total premium is offered. This includes the Main cover plus higher sum insured for the critical illness.

2.Existing Customers - 10% discount in policy premium for all customers holding any other insurance policy of Iffco Tokio

3.Group Mediclaim Discount - 10% discount for employees covered under any group mediclaim policy issued by Iffco Tokio for the sum insured of 4 Lakh and above

Note: All these discounts are calculated on a cumulative basis and can’t exceed 25% in aggregate. 

The cashless facility for Individual Medishield Policy is offered at 4,000+ network hospitals across the country. 

If the payment is made through cheque, the proposers are entitled to earn tax benefits up to the limits as per section 80D of the IT Act. 

The Individual Medishield plan offers the coverage for AYUSH hospitalisation expenses up to 10% of the sum insured.